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GUJARAT PIPAVAV PORT Plunges 3%; BSE REALTY Index Down 0.6%
Wed, 14 Aug 9:37

GUJARAT PIPAVAV PORT Plunges 3%; BSE REALTY Index Down 0.6%Image source: ipopba/www.istockphoto.com

GUJARAT PIPAVAV PORT share price has plunged 3% and is presently trading at Rs 231.5.

Meanwhile, the BSE REALTY index is at 7,980.7 (down 0.6%).

Among the top losers in the BSE REALTY index today are Phoenix Mill (down 3.0%) and INDIABULLS REAL EST (down 2.5%).

PRESTIGE ESTATES (up 2.0%) and SUNTECK REALTY (up 0.4%) are among the top gainers today.

Over the last one year, GUJARAT PIPAVAV PORT has moved up from Rs 118.6 to Rs 231.5, registering a gain of Rs 112.9 (up 95.2%).

On the other hand, the BSE REALTY index has moved up from 4,225.3 to 7,980.7, registering a gain of 88.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 227.5%), Sobha (up 207.7%) and INDIABULLS REAL EST (up 98.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,928.3 .

The top losers among the BSE Sensex today are Ultratech Cement (down 2.1%) and MUNDRA PORT & SEZ (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,130.0 . Hero Motocorp and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 78,928.3, registering a gain of 13,526.3 points (up 20.7%).

GUJARAT PIPAVAV PORT Financial Update...

GUJARAT PIPAVAV PORT net profit grew 61.2% YoY to Rs 1,063 million for the quarter ended June 2024, compared to a profit of Rs 659 million a year ago. Net sales rose 14.5% to Rs 2,460 million during the period as against Rs 2,149 million in April-June 2023.

For the year ended March 2024, GUJARAT PIPAVAV PORT reported 9.2% increase in net profit to Rs 3,420 million compared to net profit of Rs 3,131 million during FY23. Revenue of the company grew 7.8% to Rs 9,884 million during FY24.

The current Price to earnings ratio of GUJARAT PIPAVAV PORT, based on rolling 12 month earnings, stands at 30.0.


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